Lund Company applies manufacturing overhead to jobs using a predetermined overhead rate of 70% of direct labor cost. Any underapplied or overapplied manufacturing overhead cost is closed out to Cost of Goods Sold at the end of the month. During March, the following transactions were recorded by the company:

Raw materials (all direct materials):
Purchased during the month	$	26,500
Used in production	$	27,500
Labor:
Direct labor hours worked during the month		2,400
Direct labor cost incurred	$	19,200
Indirect labour cost incurred	$	5,300
Manufacturing overhead costs incurred (total)	$	16,900
Inventories:
Raw materials (all direct), March 31	$	7,400
Work in process, March 1	$	10,400
Work in process, March 31	$	13,800*
*contains $4,900 in direct labor cost.

The Cost of Goods Manufactured for March was:

$60,200

$63,540

$60,140

$56,740